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Transnet is falling well below its target of shifting 200 million to 220 million tonnes of freight a year, at which point — it is estimated — it will begin to make a meaningful contribution to the economy. Its current target is 170 million tonnes a year. Photo: (Karel Prinsloo/Bloomberg)

Debt-ridden Transnet needs to improve operations, auditor general warns

The state-owned company cannot continue relying on debt for operating cash and was at risk of not meeting repayments at the present rate

  • Emsie Ferreira
5 min read